(1)Establishes an unspecified amount as the pro
rata share of public land trust revenues due annually to OHA, beginning with
the 2019-2020 fiscal year;

(2)Transfers an unspecified amount to OHA as
reimbursement for amounts underpaid from public land trust revenues for the
period between July 1, 2012 and June 30, 2019;

(3)Establishes procedures for the transfer of an
unspecified amount to OHA at the close of each fiscal year from Executive
Branch departments and agencies, including the University of Hawaii, that
collect receipts from land within the public land trust; and

(4)Requires that all income and proceeds of
public land, which includes funds transferred to OHA, be audited annually.

Kamehameha Schools, Ko‘olau Foundation, Ko‘olaupoko
Hawaiian Civic Club, Hawaiian Affairs Caucus of the Democratic Party of Hawai‘i,
O‘ahu
County Committee on Legislative Priorities of the Democratic Party of Hawai‘i,
Ke One O Kākuhihewa, Kalihi-Palama Hawaiian Civic Club, Native
Hawaiian Chamber of Commerce, Association of Hawaiian Civic Clubs, Prince Kūhiō
Hawaiian Civic Club, Kailapa Community Association, Hawaiian Civic Club of
Honolulu, Trilogy Corporation, Hālau Ke‘alaokamaile,
Hawai‘i
Council of the Association of Hawaiian Civic Clubs, Sierra Club of Hawai‘i,
Hakipu‘u
Learning Center, and several individuals submitted testimony in support
of this measure.

The
Center for Hawaiian Sovereignty Studies submitted testimony in opposition to
this measure.

The
Office of Hawaiian Affairs, Department of the Attorney General, Department of
Transportation, Department of Budget and Finance, Department of Land and
Natural Resources, Department of Agriculture, University of Hawaii, Hawaii
Health Systems Corporation, Council for Native Hawaiian Advancement,
and many individuals offered comments on this measure.

As affirmed by the
record of votes of the members of your Committee on Finance that is attached to
this report, your Committee is in accord with the intent and purpose of H.B.
No. 402, H.D. 1, and recommends that it pass Third Reading.

Respectfully
submitted on behalf of the members of the Committee on Finance,